Economics / Markets

One third of active UK investors are unfamiliar with the Financial Services Compensation Scheme (FSCS) despite a multi-million pound campaign to raise awareness of it, according to research.

The Cypriot president has asked eurozone officials to overhaul the country's €10bn bailout plan due to its unmanageable impact on the Cypriot economy, according to reports.

The Bank of England has appointed Charlotte Hogg to the new role of chief operating officer (COO).

The baby boomer generation must take more investment risk if it is to generate enough income in retirement, according to one investment management chief.

UK CPI inflation rose from 2.4% to 2.7% in May, according to the Office for National Statistics, a larger than expected rise driven by transport and clothing costs.

US markets followed shares across Europe higher overnight, while the dollar also surged, ahead of the latest Federal Reserve meeting in the States which may map out a QE exit strategy.

Is cash now the go-to asset? Leading investors are rediscovering its attractions as market valuations reach breaking point and inflation levels drop to historic lows.

Paul Tucker, deputy governor for financial stability at the Bank of England, is to leave later this year after more than 30 years of service.

Zurich UK has doubled its life retail protection market share year on year to 13%.

Shares in Royal Bank of Scotland dropped 7% at the start of today's trading session in London following news CEO Stephen Hester will step down later this year.